Assignments

When putting a property under contract with the owner to assign it, what contract do I use with the owner?
1. A promissory note
2. A purchase options offer; or
3. A regular standard sales contract

And if I use a regular sales contract with my name and info as the original buyer , once I assign the property how do I have the title company change my name and information from the contract to the assignee?

Thanks for your help

Comments(1)

  • patrecejames29th September, 2004

    First you need to educate yourself on "wholesaling" to understand the concept. In a nut shell, all you do is write up a P&S contract with the seller, include your assignment clause, perform your due dilligence and the new buyer will show up at the closing and purchase the property.
    [addsig]

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